When a company grows, restructures, admits new investors, or needs to adjust its capital structure, it may become necessary to increase or reduce its authorised share capital. In Nigeria, this process is regulated by the Corporate Affairs Commission (CAC) and must be completed correctly to maintain compliance and avoid future legal issues.

Whether you are scaling up operations, reorganising ownership, or downsizing, our team provides end-to-end CAC filing support to help your business stay legally compliant.

What Is Authorised Share Capital?

Authorised share capital is the maximum amount of share capital a company is permitted to issue, as stated in its Memorandum of Association (MOA) and recorded with the CAC.

Companies may need to increase it when:

  • New investors are joining

  • You need more shares for fundraising

  • You’re expanding operations

  • You’re converting shareholder loans to equity

Companies may need to reduce it when:

  • The business is restructuring

  • Shares are no longer needed

  • You want to reduce liabilities tied to unused capital

Our CAC Share Capital Adjustment Services

We provide seamless support for both Increase and Decrease of Authorised Share Capital with the CAC.

1. Advisory on Capital Structure

We guide you on the financial and legal implications of adjusting your share capital, including:

  • Required minimum share capital for your industry

  • Stamp duty obligations

  • Possible tax implications

  • Implications on shareholder ownership

2. Preparation of All Required Documents

We help prepare all mandatory CAC documents, including:

For Increasing Share Capital:

  • Board Resolution

  • Special Resolution

  • Updated Share Capital Clause

  • CAC Form/changes summary

  • Stamp Duty Assessment & Payment

  • Updated Statement of Share Capital

For Decreasing Share Capital:

  • Board Resolution

  • Special Resolution

  • Court Order (where required)

  • Affidavits (if demanded by CAC)

  • Updated MOA/Articles

  • New Statement of Share Capital

3. Filing on the CAC Portal

We handle the entire CAC portal process:

  • Uploading resolutions

  • Updating share capital details

  • Payment of CAC filing fees

  • Payment of stamp duty

  • Tracking application status until approval

You receive official confirmation and updated company records once approved.

Documents Required for Share Capital Adjustment

For Increase of Share Capital

  • RC Number

  • Company’s Login Credentials (if provided)

  • Board & Special Resolution

  • Updated MOA (if needed)

  • Shareholders’ Consent (if required)

  • Evidence of Stamp Duty Payment

  • Payment Receipt for CAC Filing

For Decrease of Share Capital

  • RC Number

  • Resolutions authorising reduction

  • Court Order supporting reduction (for certain types)

  • Updated MOA

  • Statement of Share Capital

  • Evidence of required filings

Why Choose Us?

✓ Fast Filing & Approval

We know the CAC system well and ensure quick processing.

✓ Accurate Documentation

Each document is prepared to CAC standards, reducing delays or rejection.

✓ Expert Advisory

We help you remain compliant with Nigerian corporate laws and regulatory guidelines.

✓ End-to-End Support

From consultation to document preparation and final approval, we manage everything.

Who Needs This Service?

This service is perfect for:

  • Growing companies bringing in new investors

  • Companies restructuring their shareholding

  • Businesses reducing unused share capital

  • Firms aligning with regulatory share capital requirements

Get Started

If you need professional help to increase or decrease your authorised share capital, we’re here to assist.

We ensure your filings are accurate, compliant, and approved quickly so your business can continue operating smoothly.

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